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There’s an old investing joke that goes like this: How do you make a million dollars on Wall Street? Start with two million.
And lately, that’s no joke. As of Wednesday, the S&P 500 is down over 13% this year, and the tech-heavy Nasdaq composite is down almost 23%. One of the worst starts to a year in decades.
But if the way to make money is to buy low and sell high, maybe this is the time to get in. As investing legend Warren Buffett is fond of saying, be fearful when others are greedy, and greedy when others are fearful.
People are scared to death these days, so is it time to start buying? Or should you wait to see if things fall even further?
Let’s see if we can figure that out today.
Stacy Johnson and I are joined by producer and novice investor Aaron Freeman.
Remember, even though we sometimes talk about specific investments on this show, don’t take them as recommendations because they’re not. Before investing in anything, do your research, and make your own decisions.
You can watch this episode below, or if you’d prefer to listen, you can do that with the player at the top of this article. Or, you can download the episode wherever you get your podcasts:
Don’t forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Why is the market so choppy?
The stock market has been a bit of a mess lately. Down big one day and up the next. However, on the year, the Dow Jones Industrial Average and the S&P 500 are getting close to bear market territory and the Nasdaq has dipped into bear market territory. We take a look at what all this means.
What to do during a bear market
Market falling? What do you do next? We take a look at how we’re managing our finances during this time as well as some steps you can take to make sure you come out of this with your finances intact.
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